Comfort Suites - MS

Property Description: Comfort Suites Located in Prosperous and Growing Market Outside Memphis. The hotel is 4 stories with 73 keys. It was built in 2002 and continually updated. 2018 total revenue is projected to reach $2,200,000 and net operating income should exceed $1,000,000. The Comfort Suites is a top performer in Occupancy, ADR, and RevPAR. Some buyer PIP is expected, about $550,000 according to the seller. The hotel scored highly in cleanliness and condition on it last quality inspection. The area has a high quality of life with low cost of living and high median income. Revenue per room is over $30K. Offered at 11.4% Cap Rate.